SEC Form 4 · accession 0001900445-26-000004
Applied Digital Corp. · APLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Gechen Zhang
Officer — President
Period of report
Sep 12, 2026
Accepted (ET)
Sep 14, 2026 · 4:49 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001144879
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Sep 12, 2026 | F | 49,188 | $26.42 | D | 2,539,227 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the withholding of shares of common stock of Applied Digital Corporation (the "Company") for tax purposes in connection with the immediate vesting of restricted stock units ("RSUs"), which does not constitute an actual sale or other open market transaction.
- F2Includes 500,000 RSUs granted on February 6, 2026 (the "Grant Date"), which represent a contingent right to receive shares of common stock of the Company on a one-for-one basis, have no expiration date, and vest as follows: 100,000 RSUs on February 6, 2027 (the "Cliff Date") with the remainder vesting in equal installments of 50,000 RSUs every six months after the Cliff Date, such that the RSUs will be fully vested on the five-year anniversary of the Grant Date, each such vesting subject to the Reporting Person's continued full-time employment with the Company in a role approved by the Board of Directors of the Company through the applicable vesting date or accelerated vesting upon certain conditions.
- F3Includes the remainder of 500,000 RSUs granted on August 8, 2025. The RSUs represent a contingent right to receive shares of common stock of the Company on a one-for-one basis and have no expiration date. 125,000 of the RSUs vested on September 12, 2026 and 125,000 of the RSUs shall vest on each of March 12, 2027, September 12, 2027 and March 12, 2028, each such vesting subject to the Reporting Person's continued full-time employment with the Company in a role approved by the Board of Directors of the Company through the applicable date or accelerated vesting upon certain conditions.